MIKE AYRES DESIGN LIMITED

Company Registration Number:
03583876 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

MIKE AYRES DESIGN LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

MIKE AYRES DESIGN LIMITED

Balance sheet

As at 31 December 2024


Notes
2024
2023


£
£
Fixed assets
Tangible assets: 3 127,752 46,253
Total fixed assets: 127,752 46,253
Current assets
Stocks: 497,885 528,417
Debtors:   429,975 394,142
Cash at bank and in hand: 36,192 74,923
Total current assets: 964,052 997,482
Creditors: amounts falling due within one year:   (504,946) (537,312)
Net current assets (liabilities): 459,106 460,170
Total assets less current liabilities: 586,858 506,423
Creditors: amounts falling due after more than one year:   (105,750) (33,681)
Provision for liabilities: (7,473) (7,473)
Total net assets (liabilities): 473,635 465,269
Capital and reserves
Called up share capital: 1,333 1,333
Share premium account: 99,667 99,667
Profit and loss account: 372,635 364,269
Shareholders funds: 473,635 465,269

The notes form part of these financial statements

MIKE AYRES DESIGN LIMITED

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 22 September 2025
and signed on behalf of the board by:

Name: 22nd September 2025
Status: Director

The notes form part of these financial statements

MIKE AYRES DESIGN LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets and depreciation policy

TANGIBLE ASSETS Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount. Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows: Plant and machinery 15% reducing balance Fixtures and fittings 15% reducing balance Motor vehicles 25% reducing balance

Other accounting policies

FINANCE LEASES AND HIRE PURCHASE CONTRACTS Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

MIKE AYRES DESIGN LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 34 32

MIKE AYRES DESIGN LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible Assets

Total
Cost £
At 01 January 2024 240,113
Additions 100,000
At 31 December 2024 340,113
Depreciation
At 01 January 2024 193,860
Charge for year 18,501
At 31 December 2024 212,361
Net book value
At 31 December 2024 127,752
At 31 December 2023 46,253